Category: Crime-other

Royal Park Investments (RPI), the so-called “bad bank” of the former Fortis, has filed a billion-dollar claim against rating agency S&P. De Tijd writes this and appears from media reports in the Cayman Islands, the place where the lawsuit was filed.

Click to expand Image

New York City police detain a legal observer during a peaceful protest in Mott Haven on June 4, 2020.
© 2020 C.S. Muncy

In an agreement made public yesterday, New York City will pay up to $4-6 million to partially settle a legal case brought by hundreds of people trapped, beaten, and wrongfully arrested by the New York Police Department (NYPD) in the summer of 2020.

A Human Rights Watch report and video produced with Situ Research documents the incident that is the subject of the lawsuit, which took place on June 4, 2020 in the Mott Haven neighborhood of the South Bronx. The report and video reveal how the NYPD – with no provocation or warning – surrounded, assaulted, and arrested hundreds of protesters in the majority Black and brown neighborhood that has long experienced police brutality and systemic racism.

This settlement, while important, is only partial, as many other related claims are ongoing. It is also no substitute for real accountability.

These are just some of the abuses that organizations like Bronx Defenders, Brooklyn Defender Services, the Center for Constitutional Rights, Communities United for Police Reform, the Legal Aid Society, the New York Civil Liberties Union, and others have documented for decades.

Just yesterday, the NYPD failed to show up for a city council hearing about the litany of substantiated complaints filed against the Strategic Response Group (SRG), an NYPD unit responsible for many of the abuses Human Rights Watch documented. The NYPD cited ongoing litigation, no excuse for not showing up at an oversight hearing.

The settlement is one of many that the city has made over the years for police abuses, costing taxpayers $121 million in the past five years alone. In 2014 the city paid $18 million to settle police misconduct cases connected to protests during the 2004 Republican National Convention; the actual price tag was even higher because the city spent roughly the same amount defending the cases.

The NYPD has also failed to adequately discipline or charge many of those responsible for this and other incidents connected to NYPD actions during the 2020 protests, according to a Civilian Complaint Review Board report, yet New York Mayor Eric Adams continues to want to boost the NYPD’s $5 billion budget.

Here’s the bottom line: Police misconduct during the Mott Haven protest reveals deep, systemic problems requiring comprehensive reforms. This includes re-imagining community safety, a vision that should include dramatically decreasing the NYPD’s size, the scope of issues police respond to – including peaceful protests – and its funding. Instead, historically underserved communities like Mott Haven need investments that will improve access to education, housing, and health care.

The United States is sounding out close allies about the possibility of imposing new sanctions on China if Beijing provides military support to Russia for its war in Ukraine, according to four U.S. officials and other sources. The consultations, which are still at a preliminary stage, are intended to drum up support from a range of countries, especially those in the wealthy Group of 7 (G7), to coordinate support for any possible restrictions. It was not clear what specific sanctions Washington will propose. The conversations have not been previously disclosed.

Eli Lilly will cut prices for some older insulins later this year and immediately expand a cap on costs insured patients pay to fill prescriptions. The moves announced Wednesday promise critical relief to some people with diabetes who can face annual costs of more than $1,000 for insulin they need in order to live. Lilly’s changes also come as lawmakers…

An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a publicly traded health care company, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. “Mr. Peizer is accused of using his insider knowledge as CEO of a publicly traded company to line his own pockets in violation of his duty to his company and its shareholders,” said U.S. Attorney Martin Estrada for the Central District of California. “Mr. Peizer allegedly exploited material nonpublic information and tried to shield himself with a rule designed to ensure a fair and level playing field for all investors. With this indictment, we again affirm that the law applies equally to all and that corporate executives who unlawfully denigrate the integrity of our financial markets will be held accountable.”

A 31-year-old Toronto man is facing 96 charges related to sexual assault of children in person as well as on social media platforms like Instagram, Snapchat and TikTok, police in Canada said on Wednesday. The charges against Daniel Langdon include 39 counts of sexual assault, 39 counts of sexual interference, as well as allegations of making and possessing child pornography,…

  A Brisbane-based digital lender has been slapped with two infringement notices by ASIC for its false and misleading repayment estimate calculator. The corporate watchdog took action against Jaracanda Finance, which offered loans up to $15,000, typically for 12 to 36 months, because it was concerned that the credit licensee’s repayment estimate calculator: used an annual percentage rate that was…

  In a civil complaint filed today, the Department of Justice alleges that AmerisourceBergen Corporation and two of its subsidiaries, AmerisourceBergen Drug Corporation and Integrated Commercialization Solutions, LLC (together “AmerisourceBergen”), collectively one of the country’s largest wholesale pharmaceutical distributors, violated federal law in connection with the distribution of controlled substances to pharmacies and other customers across the country, contributing to…